Cramer did not bash Apple he bashed the analysts. How can the analyst project 24 mm iphones when apple sold 31 million. This is a huge beat. Over 20% on the iphone. Shame on the analysts.
Cramer bashed AAPL on his show tonight. Said bar was lowered to the extent that earnings are a joke. Melissa Lee kept harping on shrinking margins. Wouldn't be surprised if stock gapped up then sank.
After the I-phone numbers and it is believed a lot of them were cheaper phones the rest of the report across the board and their guidance was weak. I would not be surprised to see shares back in the $420's tomorrow. A lot of relief and short-covering is what pushed shares to the $442 area in the AH. Although all the analysts who had $900-$1000 targets last September may come out of the woodwork tomorrow and start the game all over again. We'll see.